5, LODGE PLACE, NORWICH, NR7 0LA - £685,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 LODGE PLACE is a small detached house of 97m², built sometime between 1983 and 1990. It was last sold for £685,000 in December 2023, which was around 69% above the average December 2023 detached price in the Broadland local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

5 LODGE PLACE Sold Prices

Land registry data shows three sales for 5 LODGE PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. Two of the three 5 LODGE PLACE sales were for above the average price, whilst one was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 13 DEC	£685,000	£405,450	69% above HPI
2021 30 SEP	£650,000	£380,333	71% above HPI
2015 22 OCT	£280,000	£296,001	5% below HPI

5 LODGE PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 5 LODGE PLACE sales between October 2015 and December 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the September 2021 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the December 2023 sale, where it falls to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is 5 LODGE PLACE?

5 LODGE PLACE is 97m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 5 LODGE PLACE lies on this distribution: 38% of detached houses are smaller than 5 LODGE PLACE, and 62% of houses are larger. Note that EPC data is not available for all properties in Norwich.

5 LODGE PLACE: Plot and Title Map

5 LODGE PLACE sits on a plot of roughly 0.163 of an acre, or 660m². The below map shows the location of 5 LODGE PLACE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 LODGE PLACE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 LODGE PLACE?

5 LODGE PLACE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 5 on LODGE PLACE.